## HBAR (Hedera) Achieves 20-Month High with 50% Surge, Encourages Bullish Forecasts

Hedera (HBAR), a decentralized public network celebrated for its near real-time consensus and developer-friendly environment, is making headlines in the cryptocurrency market with its remarkable performance. As the cryptocurrency market experiences a resurgence in bullish sentiment, HBAR has distinguished itself as one of the leading altcoins among the top 100 cryptocurrencies by market capitalization.

### Trading Volume for HBAR Skyrockets by 200%

Over the past fourteen days, HBAR has seen a substantial surge of almost 50%. This upward trend extends to the thirty-day and year-to-date time frames, with gains of 36.8% and 15% respectively. In the same period, HBAR’s price has surged by 33.5% in the past seven hours and 17% in the last twenty-four hours, propelling it beyond its previous 19-month high to achieve a new 20-month high of $0.1060.

Moreover, the surge in trading volume, which currently stands at $218,438,657 in the last 24 hours, reflects the heightened market activity surrounding HBAR, representing a significant 204.90% increase from just one day ago, according to CoinGecko data. Despite the impressive performance, the road to HBAR’s all-time high (ATH) of $0.5759 presents a formidable challenge, with the cryptocurrency requiring a staggering 443% uptrend to reclaim its previous milestone.

In the near term, HBAR faces a crucial hurdle at the $0.110 level, with further resistance levels at $0.1148 and $0.1285. Should bullish momentum persist, attention will then shift to the resistance at $0.1506, followed by $0.1690 and $0.1822. On the downside, the $0.0855 level is expected to act as a support, preventing HBAR from establishing a lower low within the current market uptrend structure.

### Hedera Network Welcomes Mondelēz International

As the adoption of cryptocurrencies gains momentum among major companies worldwide, the Hedera Council has announced a significant partnership. Notably, Mondelēz International, a prominent multinational food company renowned for its global brands, including Oreo, Ritz, LU, Clif Bar, Cadbury Dairy Milk, Milka, and Toblerone, has joined the Council. This collaboration marks a significant milestone as Mondelēz International aims to leverage distributed ledger technology (DLT)-based solutions on the Hedera network, with a focus on digital transformation initiatives, supply chain management, and enhancing core business processes.

The Hedera protocol and its native token HBAR have experienced substantial growth in market capitalization, trading volume, and partnerships, reflecting the increasing interest from investors in the protocol’s offerings. This positive environment sets the stage for future growth and development of the protocol. However, it remains to be seen whether HBAR can sustain investor attention and continue to achieve price gains, considering the possibility of market corrections following the significant gains recorded in the past 30 days. Nonetheless, HBAR appears well-positioned to emerge as one of the top-performing altcoins in the current bull run.

*Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.*

## FAQ

### How much has HBAR surged in the past fourteen days?
HBAR has recorded a substantial surge of almost 50% over the past fourteen days.

### What is the trading volume for HBAR in the last 24 hours?
The current trading volume for HBAR stands at $218,438,657 in the last 24 hours.

### What are the resistance levels faced by HBAR?
In the near term, HBAR faces a crucial hurdle at the $0.110 level, with further resistance levels at $0.1148 and $0.1285. Should bullish momentum persist, attention will then shift to the resistance at $0.1506, followed by $0.1690 and $0.1822.

### What significant partnership did the Hedera Council announce?
Mondelēz International, a multinational food company with brands like Oreo and Cadbury Dairy Milk, has joined the Hedera Council, aiming to leverage distributed ledger technology (DLT)-based solutions on the Hedera network.

### What are the challenges for HBAR in reclaiming its all-time high (ATH)?
The road to HBAR’s all-time high (ATH) of $0.5759 presents a formidable challenge, with the cryptocurrency requiring a staggering 443% uptrend to reclaim its previous milestone.